The color panel control will be setting the fill color of the circle, while the color combo box will be setting the color of the stroke of the circle.

After placing the components on the form, it should look as in the following picture.

Step 2: Creating the LiveBindings

Now look at the LiveBindings Designer window. If it is not visible, then go to the View menu and select the LiveBindings Designer command.

Your diagram contains individual blocks that represent objects on your form. At this point, they are not linked to each other. Locate the block that represents the circle (Circle1) and click the 3 dots in the lower-right corner.

Select the Fill.Color and Stroke.Color properties from the Bindable Members dialog box.

After you press OK, the Circle1 component is drawn with the two exposed properties.

Click the Color property of the ComboColorBox1 block and drag a line to the Stroke.Color property of the Circle1 block.

Click the Color property of the ColorPanel1 block and drag a line to the Fill.Color property of the Circle1 block.

Press the Rearrange button () in order to auto-arrange the diagram, or you can arrange the blocks yourself.

At this point, your bindings diagram should look as pictured below.

The Results

Run the Application by pressing F9 or using the Run > Run menu command. Change the colors and observe the results.